Cybercrimes are constantly on the rise. Hackers are learning new tricks every day so it’s becoming harder and harder for companies to defend themselves. In 2023, the cost of cybercrime is expected to reach $8 trillion and grow to $10.5 trillion by 2025.
Threat actors are attacking businesses of all sizes. Many of these companies never recover from a data breach. Meanwhile, 60% of smaller businesses close within six months of cyberattacks.
The main reason why these cyberattacks are successful is the lack of high-quality cybersecurity measures. Many small businesses simply don’t have the time or resources to build a comprehensive in-house IT team that can handle cybersecurity.
That’s where outsourcing comes in. By outsourcing cybersecurity to a managed security service provider (MSSP), you are delegating all cybersecurity tasks to the experts. A team of specialists can help monitor and protect your systems while designing a quick recovery plan in case an attacker slips through the defenses.
Let’s take a closer look at key reasons to outsource cybersecurity to an MSSP.
1. Cost Efficiency
Cybersecurity is a complex job that requires the attention of several specialists. Hiring them to create an internal cybersecurity team can be taxing for an SMB.
The average annual salary of a cybersecurity expert is $107,000. Besides covering salary, you would need to invest in recruitment, onboarding, and retention. Since top talent is currently switching jobs extremely fast, the entire investment in an in-house specialist can have a low ROI.
When you choose to work with a managed security service provider, you get an opportunity to work with a team of specialists for a fraction of the price you would pay for an in-house team. Meanwhile, you don’t have to worry about benefits, onboarding, and similar issues that come with hiring a new team member.
2. Niche Expertise
Even in a small company, handling cybersecurity requires extensive expertise. Cybersecurity experts are constantly learning about new technologies, tactics, and measures. Since hackers keep coming up with new ways to breach security and steal data, it’s imperative to stay on top of the latest trends.
When you choose to hire an MSSP, you gain a chance to collaborate with a team of niche experts who follow the latest changes in the cybersecurity landscape. They study trends and tactics to make sure your cybersecurity measures are always up to date.
Since MSSPs have many experts working for them, you can work with a team that specializes in your company’s cybersecurity needs which may depend on the industry requirements.
3. Training
The key reason why many cybersecurity attacks are successful is human error. Employees make common mistakes such as setting simple passwords, clicking unknown links in email messages, sharing login information with other people, and the like.
When employees understand the importance of cybersecurity and know how to act in different dangerous situations, the chance of the data breach being successful is extremely low. Unfortunately, small businesses rarely have the resources to arrange high-quality cybersecurity training.
If you decide to collaborate with an MSSP, you can ask the company to set up cybersecurity training for your employees. Besides telling employees how to behave in various situations, an MSSP can arrange cybersecurity simulations that help you check how well employees learned about the measures.
An MSSP can share their cyber breach experience with your company and help employees identify dangerous loopholes before they turn into breaches.
4. Authorization Levels
While cybersecurity training can be highly beneficial for cyber breach prevention, the human factor always exists. Employees can always make a mistake. To make sure these mistakes have a minimal effect on your data safety, an MSSP can help you set up authorization levels.
Each employee should have access to the information they need for their work. Anything beyond that should not be available for their use. This way, only a small number of users can have an opportunity to initiate a breach by inadvertently sharing login details.
Setting up authorization tiers can be complicated. Experts en services de sécurité managés can teach you how to do it right.
5. Compliance
Cybersecurity compliance is an integral part of business operations across many industries. If you are dealing with sensitive information, such as credit card data or medical records, you need to ensure top security measures to stay in compliance with relevant regulations, such as HIPAA.
Failing to comply with these regulations doesn’t just expose sensitive data to criminals. It can lead to significant fines and complex lawsuits. Companies that don’t keep data safe suffer from reputational issues. Some of them never recover.
By working with an MSSP, you can make sure that all of your cybersecurity measures are in compliance with industry regulations and standards. A team of professionals constantly monitors all the industry requirements and follows the latest changes to ensure full compliance.
6. Proactive support
When it comes to cybersecurity, it’s not enough to set up high-quality security measures. It’s imperative to constantly monitor their effectiveness and come up with new ways to streamline them.
A reliable MSSP specializes in proactive cybersecurity advice. They evaluate the way current measures work and check what can help improve them continuously. Then they present options to the business owner in order to work out a plan of action.
Proactive support is what can keep companies ahead of cybercriminals. Closing loops before they become obvious can keep your data safe.
7. Faster Threat Detection and Response
Even if you have internal cybersecurity experts, they may not have the opportunity to detect threats 24/7. Since hackers often attack during the night and after business hours, round-the-clock monitoring can help you avoid serious breaches and react to attacks timely.
When you work with an MSSP, you gain access to 24/7 network monitoring. These specialists know exactly how to react at the first signs of a data breach. Thanks to quick threat detection and response actions, it’s possible to prevent an attack and keep your data intact.
8. Stability
When you work with a reliable MSSP provider, you can enjoy a stable partnership. You don’t have to worry about specialists coming and going or onboarding new team members. An MSSP hires qualified cybersecurity specialists who can work with your company for years.
If any of these people decide to quit, the MSSP replaces them immediately. You don’t need to worry about cybersecurity issues during the transition period.
9. Early Technology Implementation
When a new cybersecurity-related technology appears on the market, it can take a while to implement it in your cybersecurity routine. Many companies don’t get to the new tech until it becomes mainstream.
Meanwhile, new technologies are vital to the efficiency of your cybersecurity measures. They can prevent new types of threats and keep you one step ahead of the threat actors.
When you collaborate with an MSSP, you gain early access to the latest technology and can start reaping benefits before your competition does.
10. Scalability
When your business is growing, so do its cybersecurity requirements. With time, you may notice that your internal team simply can’t handle the mounting tasks. This could lead to errors, fines, compliance issues, or worse, successful data breaches.
An MSSP can grow together with your company. These specialists evaluate the company’s requirements continuously and add new members to the cybersecurity team when necessary. They also monitor compliance requirements and implement the required technology on time.
Taking Full Advantage of an MSSP
Cybersecurity is becoming more and more complex every day. As hackers gain new skills, cybersecurity specialists come up with new measures. If you want to stay on top of your game and protect your data, you need a robust team of experts.
If it’s not possible to hire a large in-house team that focuses on cybersecurity, you can outsource these tasks to an MSSP. This collaboration can help you implement top-notch cybersecurity measures and maintain them without hurting the budget.
